An artificial intelligence boom is helping heat up San Francisco’s housing market.
Some real estate agents said they are seeing more buyers with plenty of cash due to the city’s AI boom.
“AI is definitely bringing buyers back,” said Natalie Ortega, a realtor with Douglas Elliman Real Estate.
Ortega has a home listed on Duncan Street, which has sweeping views of San Francisco’s skyline and the Bay, for a little over $6.6 million.
In the Noe Valley neighborhood, the area zip code has seen the highest jump in home sale prices.
Zillow data shows homes in the area have been selling for nearly 9% more than six months ago.
Two other zip codes in the city are also among the top five in the Bay Area.
Realtors said one of the reasons prices are so high is current owners are not putting their homes up for sale and new ones are not being bult in significant numbers.
Ortega said she does not expect her listing to be on the market for long — there have been reports from fellow agents that multiple bidders are seeking out the best properties in a very tight market.
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